Home > The Oxford Dictionary of Economics > screening
screening
screeningAction taken by uninformed parties to induce other people with private information to act so as to reveal it. This can be done by second-degree price discrimination, where people are offered a choice of contracts, and information about their characteristics can be inferred from which contract they choose. Screening is contrasted with signalling, where people with private information take actions which they hope will convey this information to parties who would otherwise not possess it, or induce them to believe statements they would otherwise have no means of checking. In many cases, such as the job market, both screening and signalling occur.
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
Oxford University Press Titles
- The Concise Oxford Dictionary of Archaeology
- The Oxford Dictionary of Economics
- The Oxford Companion to American Literature
- The Oxford Companion to American Military History
- The Oxford Companion to Classical Civilization
- The Oxford Companion to English Literature
- The Oxford Companion to Fairy Tales
- The Oxford Companion to Shakespeare
- The Oxford Dictionary of Plays
- The Oxford Dictionary of Art
- Oxford Dictionary of Sociology
- Oxford Dictionary of World History
- Oxford Dictionary of World Mythology
